Modification of BBVA?s rating

RNS Number : 0351T

Banco Bilbao Vizcaya Argentaria SA

30 November 2011

 

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), pursuant to the provisions of the Spanish Securities Market Act, hereby proceeds by means of the present document to notify the following:

RELEVANT EVENT 

Standard & Poor's  has disclosed on November 29th 2011 the modification of BBVA´s rating, as follows:

-    Issuer rating (senior unsecured and bank deposits): A+ from AA-. Outlook negative

-    Short term rating: A-1 from A-1+

-    Dated Subordinated debt: A- from A+

-    Tier 1 hybrid notes: BBB from BBB+

Madrid, November 30, 2011

 

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